The Federal Reserve kept interest rates steady amid inflation concerns. Outlook still ‘uncertain’

On Wednesday, May 1, 2024, the US Federal Reserve decided to keep interest rates at their highest level in 23 years. Federal Open Market Committee (FOMC) members pointed out that inflation has subsided but is still on the rise. There is no change in the federal funds rate. The Federal Reserve continued to keep a close eye on inflation risks Wednesday. (…)